Cuban Economists on the Cuban Economy (Contemporary Cuba)

So much released fabric in English at the Cuban financial system is written via non-Cubans. The aim of this e-book is to provide, in English, a spectrum of perspectives on a number of facets of the Cuban financial system from twelve Cuban economists revered in Cuba for his or her paintings. The book’s temporal concentration is the precise interval, 1990-2009, notwithstanding it additionally offers the former thirty years as useful history. The paintings is split into 3 thematic sections of 4 chapters every one: (1) the macroeconomy; (2) socioeconomic matters; and (3) particular branches of construction. person chapters deal with the macroeconomy, overseas exchange, making plans, the industrial elements of residing in Cuba, poverty, demographics, hard work, tourism, agriculture, and knowledge-based sectors. The authors emphasize empirical aid for the positions they current as they boost the significant topic that yokes different chapters: the level to which the commercial alterations that happened over the particular interval encouraged how the Cuban economic climate capabilities now and as prelude to extra significant alterations that would are available the longer term. A moment vital topic in the course of the chapters is Cuba’s endured dedication to creating offerings that increase human future health and improve the construction of a socialist financial system, albeit with many new principles on either what's attainable and essential to deliver those pursuits approximately.

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Until now the increased percentage of the population over age fifty-nine has been offset by a declining percentage of the population under age sixteen. But that offset will now cease, and hence Cuba will face a continually increasing dependency ratio over the coming decades. The second problem that Alfonso discusses at length is the numerous different costs associated with meeting Cuba’s commitment to provide for the well-being of elderly people in accordance with their increased needs. The first cost that comes to mind is increased medical care, but as Alfonso argues, there are many other expenses if these people are to be supported in maintaining a dignified life.

16 • The development strategies of the first fifteen years had partially accomplished their intended goals. The necessary infrastructure for agricultural development had been created. Industrial sectors had increased their contribution to the GDP. Basic utilities, such as electricity, transportation, and water supply, had been developed to the levels required for the initial transformation of the economy. 17 • One of the most remarkable achievements of Cuba in this period was its significant progress in widespread socioeconomic transformation.

Agriculture has historically been a vital component of the Cuban economy, but in the form of commercial export crops, above all sugar. As Ángel Bu Won and Pablo Fernández Domínguez argue in chapter 11, this sector of production still has underutilized export potential that is important to exploit as one part of building the foreign-exchange balance that Cuba needs. Much more important today, however, particularly in the short term,18 is agricultural production for the domestic market. Above all this means food, whose importance is expected to be reinforced in both the near and distant future as international food prices continue to rise.

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